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“# Price analysis 1/5: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, DOT, AVAX, DOGE ” Bitcoin (BTC) and most major altcoins are stuck in a tight range with bulls buying near the support and bears selling at resistance levels. Usually, such tight ranges are followed by an expansion in volatility. Although a few analysts have…
“# Bitcoin monthly RSI lowest since September 2020 in fresh ‘oversold’ signal ” A key Bitcoin (BTC) metric has just reached its lowest levels since the months after the March 2020 market crash. As noted by popular analysts on Jan. 5, Bitcoin’s relative strength index (RSI) is printing a “hidden bullish divergence” on monthly timeframes…
“# Bitcoin reaches for $47K as analysts agree BTC price consolidation cannot last ” Bitcoin (BTC) recovered from new lows of $45,550 on Jan. 5 as analysts waited patiently for a “squeeze” to trigger fresh volatility. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst weighs prospect of “fakedown” towards $40,000 Data from Cointelegraph Markets Pro…
“# Top 5 cryptocurrencies to watch in 2022: BTC, ETH, BNB, AVAX, MATIC ” Bitcoin (BTC) witnessed a roller coaster ride in 2021 and even though BTC has corrected sharply from its all-time high at $69,000, the digital asset is still up by 60% year-to-date. During the same period, gold has dropped more than 5%. …
“# Bitcoin open interest matches record high amid predictions of BTC price ‘fireworks’ this month ” Bitcoin (BTC) is in line for “explosive” price action as derivatives markets return to form in 2022, a new forecast states. In a tweet on Jan. 4, Vetle Lunde, an analyst at Arcane Research, confirmed that BTC denominated open…
“# Nexo co-founder targets Bitcoin at $100K by mid-2022 ” Another promising price prediction has appeared for Bitcoin bulls in 2022. Antoni Trenchev, co-founder and managing partner of Nexo said that Bitcoin could hit the $100,000 milestone as soon as the summer in an interview with CNBC. Despite BTC opening the year with bearish price…
“# Bitcoin exchange balances trend back to historic lows as BTC withdrawals resume in January ” Bitcoin (BTC) exchange reserves are back near record lows as 2022 sparks renewed appetite among buyers. Data from on-chain analytics firm CryptoQuant shows reserves across 21 exchanges at 2.308 million BTC as of Jan. 4. Exchanges return to overall…
“# Bitcoin traders expect $60K by month’s end, marking $45K as ‘accumulation’ ” The bearish pressures facing the cryptocurrency market at the end of 2021 have continued into the first week of 2022 after the price of Bitcoin (BTC) dropped below $47,000 on Jan. 1 and the asset still faces stiff headwinds on the shorter timeframe…
“# Price analysis 1/3: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE ” Bitcoin’s (BTC) price action has been uneventful in the first few days of the new year and it continues to languish below the psychological level at $50,000. The Crypto Fear and Greed Index is in the fear zone registering a…
“# Bitcoin dips below $47K as US dollar surge dampens BTC price performance ” Bitcoin (BTC) crisscrossed $47,000 on Jan. 3 as the first Wall Street trading days of 2022 got off to a modest start. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Ethereum steals the limelight Data from Cointelegraph Markets Pro and TradingView showed…